Fed's Collins Says Soon Is Appropriate To Begin Cutting Rates; Says Gradual, Methodical Pace Of Cuts Once We Are In Different Policy Stance Likely To Be Appropriate
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Collins suggests that it will soon be appropriate to begin cutting interest rates. The approach will be gradual and methodical once a different policy stance is adopted.
August 22, 2024 | 12:55 pm
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POSITIVE IMPACT
The Federal Reserve's indication of potential rate cuts could positively impact SPY, as lower interest rates generally boost stock market performance.
Interest rate cuts typically lead to lower borrowing costs and can stimulate economic activity, which is generally positive for stock markets. SPY, being an ETF that tracks the S&P 500, could benefit from this environment.
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